The current hiring landscape brings with it some significant challenges, and Udacity understands how difficult it is to keep up with the pace of technological change. But we also know that you’re committed to overcoming whatever hurdles stand in your way, and that talent acquisition is instrumental to your company’s success. Through our work with dedicated learners driven to pursue the most amazing career opportunities available, and courtesy of our critical industry partnerships, we have been able to amass a wealth of insight into the state of today’s hiring needs, and we believe we have found a way for you to hire faster better, and smarter.
We have all seen the recent reports and the picture they paint of the current hiring market.
- 48% of companies feel that the talent shortage has a medium to high impact on their ability to do business. – ManPower report
- 2% unemployment rate in the tech sector makes finding tech talent competitive
- $20,000 or more is spent to train new, entry level hires
- 38% percent of employees who were fired because they were deemed a poor fit were hired due to rushed decision making and a limited talent pool
These statistics are tough, but they don’t have to apply to your company. Let’s take a look at each:
48% of companies feel that the talent shortage has a medium to high impact on their ability to do business
Statistics like this are a big part of why we created Nanodegree programs in the first place. We knew the jobs were there, and we knew the talent was there. The challenge was how to connect the one to the other. Our Be In Demand motto is all about developing in-demand talent to fill in-demand roles. Our students demonstrate job readiness by completing relevant, real world projects, which prepare them for rigorous roles within organizations. This new talent pipeline is now available for companies to tap into through the launch of our placement services and tools.
2% unemployment rate in the tech sector makes finding tech talent competitive
The demand for tech talent IS ultra competitive due to the low unemployment rates in this sector. In the near future, it is only going to get worse. As the demand for individuals that are skilled in areas such as machine learning, data analysis, and mobile app development kick into high gear, the competition for talent in going to increase exponentially. Luckily, Udacity is laser focused on training students in the most cutting-edge tech skills. We have created a constant flow of new talent to keep your company innovating and growing.
$20,000 or more is spent to train new, entry level hires
Our students are already trained in the skills that you need. They onboard quickly and they do not require a great deal of development. They have already demonstrated their drive, tenacity and grit throughout the Nanodegree program, which makes them ideal candidates for fast paced work environments. They can start doing their jobs on day 1, increasing your company’s productivity and driving it to greater success. How and what we teach, and the rigor of our oversight and review, combine to produce candidates that essentially arrive pre-trained!
38% percent of employees who were let go because they were deemed a poor fit were hired due to rushed decision making and a limited talent pool
The largest ecommerce company in India, Flipkart, has publically stated that they are transforming its hiring process. “The kind of disruptive work that we do at Flipkart demands a world-class talent pool and we are constantly on the lookout for experts who can solve the problems of Indian consumers. This is where a partner like Udacity comes into the picture”, said Peeyush Ranjan, CTO of Flipkart, “The shortlisted profiles provided by them and the in-depth data we received were very helpful and allowed us to assess the candidate’s competencies in a much better way.” Flipkart believes greatly in our candidates and is even willing to forgo interviewing them because of their exceptional skills sets. We believe in them as well, going so far as to offer them full tuition refunds if they don’t get hired after graduating! The point being, if you hire Udacity’s talent, bad hires might just be a thing of the past.
Flipkart is a wonderful example of how industry partnerships inform and advance our mission. This approach has actually been a defining facet of our approach almost from day one. We knew that in order to serve industry, we needed to partner with industry. We designed our Nanodegree programs by partnering with industry leaders, like Google, Facebook, and Cloudera, to develop Nanodegree programs focused on curating the most in-demand skills and competencies. Together, we created a superior curriculum that is perfectly attuned to the skill sets needed most in the tech industry. This assures job readiness for our students in their new roles.
We know our students will be great hires. We’ve built our entire organization on this belief. We’re committed to solving for every one of the statistics we discussed above, and we’ll succeed through developing the best curricula, and partnering with the most innovative companies. We’ll do it by hiring the best instructors, and building the most amazing network of reviewers. We’ll do it by putting our own reputation on the line, and actually guaranteeing jobs for our students. Most of all, we’ll do it by teaching amazing students exactly the skills they need to meet the needs of amazing companies like yours.
Please visit our website to find out how you can tap into Udacity’s talent.